Gold rises as Trump rejects Iran deal, war risks increase

💡 DMK Insight

Gold’s modest gain amid geopolitical tensions is a signal for traders to pay attention. With XAU/USD at $4,726, the stalled Iran-US negotiations could lead to increased volatility in precious metals. Traders should note that geopolitical risks often drive safe-haven demand, and with tensions escalating, gold could see further upward momentum. If the price breaks above recent resistance levels, it could attract more buying interest, especially from institutional players looking for a hedge against uncertainty. On the flip side, if negotiations take a positive turn, we might see a pullback in gold prices as risk appetite returns. Keep an eye on the $4,750 level as a potential breakout point. A sustained move above this could indicate a stronger bullish trend, while a failure to hold above $4,700 may trigger profit-taking and a retracement. Watch for any news from the US administration regarding Iran, as that could shift market sentiment quickly.